The EIB says that it will insert similar clauses in all its agreements with Greek, Portuguese and Irish companies and eventually with companies from all EU member states. The loan agreements will also be governed under English law (not "British" law as Ekathimerini incorrectly reported at first - there's no such thing, we corrected them) which gives them better protection.

The €urozone and EU are unravelling - the people know it, the media knows it, the banks know it, only the politicians are in denial.

About the author:Stuart Parr is a UKIP parish councillor for the Brookside ward of Stirchley & Brookside Parish Council in Telford & Wrekin and the founder and administrator of Bloggers4UKIP.Stuart writes a personal blog Wonko's World and tweets as @wonkotsane.